Sharika Enterprises Receives Order from Punjab Energy Development Agency
Filing Summary
Sharika Enterprises Ltd has received a work order from the Punjab Energy Development Agency for the supply, installation, and commissioning of 12-watt LED-based SPV Street Lighting Systems in Punjab. The contract is valued at approximately Rs. 40,03,150 and is scheduled for completion within 119 days. This order does not involve any related party transactions, and there is no interest from the promoter group in the awarding entity. This development aligns with Sharika Enterprises’ focus on expanding its presence in the energy solutions sector.
Sharika Enterprises Ltd has announced the receipt of a work order from the Punjab Energy Development Agency (PEDA), a Punjab Government Undertaking. The order involves the supply, installation, and commissioning of 12-watt LED-based SPV Street Lighting Systems in the state of Punjab. The total consideration for this contract is approximately Rs. 40,03,150.
The contract awarded by PEDA is domestic in nature and is classified as a work order. The completion timeline for this project is set at 119 days from the date of the order. There are no significant terms and conditions disclosed beyond the scope of work specified.
There is no involvement of related party transactions in this order, and the promoter or promoter group of Sharika Enterprises does not have any interest in the entity awarding the contract.
Punjab Energy Development Agency focuses on promoting and implementing renewable energy projects in the state of Punjab. The agency works on various initiatives to enhance energy efficiency and sustainability.
Sharika Enterprises Ltd specializes in providing energy solutions, including the supply and installation of electrical equipment. The company is committed to expanding its footprint in the energy sector by securing projects that align with its strategic focus on sustainable and efficient energy solutions.